Incorporated in 2018, Tridhya Tech Limited provides software development services and solutions.
Tridhya Tech provides IT consultancy services to industries like e-commerce, Real estate, Transport & Logistics, Insurance, and other sectors. The company also provides services related to e-commerce development, Enterprise Content Management, Bespoke Web Management, Mobile App, Development, API Development, Product Support & Maintenance, Front End Development, and Graphic design.
The company provides customized software products, which start from the initial concept of the product requirement, designing the architecture, coding, and testing, deploying to the final deployment of the product. It also provides post-deployment support on time to time basis to our clients. The company also provides project management, consultation services, maintenance, and support services to ensure the successful completion of the project and the longevity of the software.
In January 2022, the Company acquired Concentric IT Services Private Limited (Concentric), a software development company by acquiring 100 % equity. In December 2022, the Company acquired Basilroot Technologies Private Limited (BTPL), and also Vedity Software Private Limited (Vedity) software development companies by acquiring 100% equity.
Tridhya has a strong presence in the international market i.e., Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, Netherlands, Qatar, Singapore, Switzerland, UAE, UK, and USA. In the domestic market, the company's customer base is based in Maharashtra, Gujarat, Punjab, Telangana, and Karnataka
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment of unsecured and secured loans. | ₹19 |
| General Corporate Purpose, | ₹6 |
| Metric | 31-Dec-22 | 31-Mar-22 | |
|---|---|---|---|
| Total Assets | 5,970 | 2,549 | — |
| Revenue | 1,508 | 1,407 | — |
| PAT | 285 | 339 | — |
| Net Worth | 2,031 | 1,458 | — |
| Reserves | 1,860 | 1,310 | — |
| Total Borrowing | 3,090 | 705 | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,985,000 (47%) | — |
| NII / HNI | — | 897,000 (14%) | — |
| Retail (RII) | — | 2,091,000 (33%) | — |
| Market Maker | — | 315,000 (5%) | — |
| Total | — | 6,288,000 (100%) | — |
* Amount calculated at upper price band (₹42) · ** Total includes all investor categories
- 1 Initiation of Refund 11 Jul 2023
- 2 Credit of Shares to Demat 12 Jul 2023
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 26x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹44.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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